Description

The property occupies a prominent, central position within Hawtin Park and comprises a substantial, detached manufacturing and warehousing facility. Originally developed in the mid-1990s and extended through three phases between 1997 and 1998. The facility is now fully occupied by Atlantic Service Company (UK) Limited.

The main industrial facility comprises three interconnected steel framed bays beneath steel trussed roofs, providing eaves heights ranging from 4.0m to 7.5m, and served by five loading doors, three of which have dock levellers. The accommodation includes a reception area, ground floor offices with ancillary space and a second integral two storey office block.

A further rear warehouse bay of steel portal frame construction, offers an eaves height of 12m together with three ground level loading doors and a 2.8 tonne overhead crane.

We understand that the property benefits from mains water, sewerage and gas connections, together with a power supply, via an on-site substation. The warehouse and manufacturing areas are also served by compressed air, sprinklers and high-bay lighting.

Externally, the property benefits from dedicated staff and visitor parking, steel framed storage units, and an extensive tarmac surfaced yard providing excellent loading, circulation and operational space.

The building configuration and low site cover offers potential to sub-divide the property for multi-occupation.

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Attributes

Building area net

8,617 m²

WAULT

4.66 years

Asking price

PLN 16,792,000

Media

Investment Highlights

Opportunity to acquire a substantial freehold industrial and warehousing complex
Strategically located at once of South Wales's most established and well-connected business park locations
Site area of 6.44 acres (2.61 hectares)
The facility extends to 92,750 sq ft GIA with additional open-sided storage accommodation, reflecting a low site coverage of only 31%
Offers excellent operational yard and parking provisions
Potential to acquire an additional circa 2.49 acres (1.01 hectares) of expansion land
Unit fully let to Atlantic Service Company U.K.) Limited, a precision manufacturing and distribution business, with a Dun & Bradstreet rating of 2A2
4.66 years to expiry
Current passing rent of £305,220 per annum equating to a low rent of only £3.30 per sq ft

Proposal

We are instructed to seek offers in excess of £3,250,000 (Three Million, Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 8.77%, assuming standard purchaser's costs of 7.12% and a low capital value of only £35 per sq ft.